NEW YORK, Dec. 29, 2014 /PRNewswire/ -- Britannia
Mining, Inc. (OTC Pink: BMIN) (or the Company), a UK based mining
and commodities development company, announced today, that its
Malaysian partnership has enabled the Company's commodities trading
division to round out its portfolio with the inclusion of Bauxite –
answering U.S. demand.
"Ford's redesigned F150 pick-up truck will feature an
all-aluminum body," stated Kenneth
Roberts, CEO of Britannia Mining. "When you're talking about
one of the country's best-selling vehicles for the past 30 years,
shifting from steel to all-aluminum body, you can get a sense of
what the impact of shifting tides from steel to aluminum is making.
Our partners in Malaysia have
helped Britannia to position our commodities trading division to
take full advantage of this shift, by having unfettered access to
ready mined Bauxite. This both mitigates any risk on iron ore and
rounds out our portfolio of highly tradable commodities in our move
towards positioning for what we believe could be very lucrative
revenues and healthy profits for 2015."
Bauxite is a group of aluminum oxides which is the world's main
aluminum source. The United States
imports at least 99% of its bauxite consumption, and mines very
little of the small quantities existing in places like Arkansas, Alabama and Georgia. With a number of automakers making a
shift from steel to aluminum, consumption demands are expected to
increase exponentially. Industry consultant Mark Bodner said, "Aluminum sales will more than
double in the auto industry over the next few years".
The U.S. aluminum industry generates more than $65 billion a year in direct economic impact.
When all suppliers and related business functions are taken into
account, the industry drives $152
billion in economic impact—nearly 1 percent of GDP.
Mr. Roberts concluded, "Managing ready-mined resource contracts
has made us more nimble, greatly mitigating our operational risk by
allowing us to trade a diversified portfolio of commodities and
position products in line with market sentiment, without incurring
the exploration and/or carrying costs. We have access to a broad
array of natural resources; mined and ready for distribution. This
is the reason why we believe our 2015 value potential is so strong.
When one commodity is down others such as bauxite are up. In the
case of bauxite, it is currently coming into much higher demand,
and our Malaysian partners have an abundant ready-mined supply for
Britannia to trade."
About Britannia Mining
Britannia Mining is a natural resources development company
focused on acquiring high quality commodity-based
projects. For more information on the Company's Mission,
Acquisition & Exploration, visit "About Britannia
Mining": http://www.britanniamining.com/about/company-overview/
Safe Harbor
Statements in this news release that are not historical facts,
including statements about plans and expectations regarding
products and opportunities, demand and acceptance of new or
existing products, capital resources and future financial results
are forward-looking. Forward-looking statements involve risks and
uncertainties which may cause the Company's actual results in
future periods to differ materially from those expressed. These
uncertainties and risks include changing consumer preferences, lack
of success of new products, loss of the Company's customers,
competition and other factors discussed from time to time in the
Company's filings with the Securities and Exchange Commission.
Contact information
Team BMIN
(646) 580-1153
www.britanniamining.com
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SOURCE Britannia Mining, Inc.